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Upper income spending drops, what does this mean for real estate

Upper income spending drops, what does this mean for real estate

by | Feb 24, 2025 | 2025 real estate predictions, Atlanta Hard Money, Atlanta Private Lending, Atlanta real estate trends, Brokering Loans to Fairview, Closing, CO hard money, Colorado Hard Money, Denver Hard Money, Denver private Lending, Georgia hard money, Other Questions, Process/Loan Submittal, Program Details, Questions Regarding Fairview, Real Estate economic trends, Realtor, Underwriting/Valuation

Higher income consumers are showing signs of stress.  Look at the chart above, from the peak in 2022 higher end consumers intent to spend has dropped almost 25%.  What does the chart mean for real estate and the general economy?  Why focus on higher end consumers?...